Income tax deduction 2014-15 (A.Y. 2015-16)

There is change in  limit of income tax deduction 2014-15 (A.Y.2015-16) with introduction of budget 2015. I have prepared chart for it. Through it you can get details of new deduction limit under section 80C, 80D etc. Chart for income tax deduction 2014-15 ( A.Y. 2015-16) Deduction limit changes in budget 2015-16 SectionDeductionBefore budget 2015-16After budget 2015-16Other conditions to avail deduction 80CInvestment in Sukanya Samriddhi Account scheme is eligible for deduction.Interest and withdrawan are exempt.EEE (exempt-exempt-exempt) scheme. The account can be opened on the name of girl child in post office. 80CCDContribution to pension planMaximum limit Rs. 1,50,000Maximum limit...

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